LPT at the Turning Point — Breakout or Another Rejection?💵 Coin: UPCOM:LPT — Livepeer/USDT
⌛ Time Frame: 4D
📍 Exchange: OKX
📉 Pattern: Descending Trendline
💰 Price on chart: around $1.457
🔻 Swing Low: $1.159
🎯 Key Resistance: $1.620 → $1.850 → $2.050 → $2.510 → $2.800 → $3.830
---
📉 Descending Trendline Pattern
The LPT chart is showing a long-term downtrend, with price consistently forming lower highs and trading below the descending yellow trendline.
🔻 The Descending Trendline has acted as dynamic resistance, limiting previous upward movements over the observed period.
📌 As long as price remains below the trendline, the bearish structure remains the primary reference.
However, the more often a trendline is tested, the more important that area becomes to watch. A breakout and confirmation above the trendline could represent a significant structural change.
---
🟢 Bullish Scenario
🚀 The bullish scenario would begin to gain confirmation if LPT successfully breaks out and holds above the Descending Trendline.
If the breakout occurs with increasing volume and the 4D candle delivers a convincing close above the trendline, a potential structural shift from bearish conditions toward recovery/bullish momentum becomes more relevant.
🎯 Key resistance targets:
🟡 $1.620 — initial resistance
🟡 $1.850 — next resistance
🟡 $2.050 — important resistance
🟡 $2.510 — next resistance
🟡 $2.800 — significant resistance area
🟡 $3.830 — major resistance on the chart
🚀 $4.830 — extended target if strong bullish momentum develops
📈 If price successfully breaks through these resistance levels one by one, the recovery structure could become stronger.
⚠️ Important note: a trendline breakout alone does not automatically mean a trend reversal. Ideally, price should show a close above the trendline + successful retest + continuation.
---
🔴 Bearish Scenario
🐻 If LPT fails to break the Descending Trendline and experiences another rejection, bearish pressure could continue.
📉 A failed breakout could cause price to retest the nearest support areas.
🔻 $1.457 is the approximate price area shown on the chart.
🔻 If selling pressure becomes stronger, attention may shift toward $1.159, which represents the visible low on the chart.
⚠️ A breakdown below $1.159 could indicate that the long-term bearish structure remains dominant and could increase the risk of forming a new low.
---
⚖️ Conclusion
📊 LPT remains within a long-term Descending Trendline structure.
🔴 Bearish: price remains below the trendline → resistance remains dominant → the risk of rejection and another support retest remains open.
🟢 Bullish: breakout + close above the Descending Trendline → successful retest → continuation → $1.620 / $1.850 / $2.050 / $2.510 / $2.800 / $3.830 become the key levels to watch.
🚀 The $3.830–$4.830 area becomes an interesting upside zone if the trendline breakout is properly confirmed and momentum continues.
⏳ On the 4D timeframe, candle-closing confirmation is especially important to avoid getting caught in a false breakout.
---
🔥 KEY LEVELS
🔻 Support: $1.159
📍 Current: ±$1.457
🟡 Resistance: $1.620
🟡 Resistance: $1.850
🟡 Resistance: $2.050
🟡 Resistance: $2.510
🟡 Resistance: $2.800
🟡 Major Resistance: $3.830
🚀 Extended Target: $4.830
#LPT #Livepeer #LPTUSDT #Crypto
Long
